REGISTERED NUMBER: 14717246 (England and Wales)

Karens London Limited

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D S Graydon

REGISTERED OFFICE:

International House (Regus)

Solent International Business Park

George Curl Way

Southampton

SO18 2RZ

REGISTERED NUMBER:

14717246 (England and Wales)

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

-

1,138

-

1,138

Current assets

Stocks

-

5,169

Debtors

6

2,164

45,366

Cash at bank

-

24,797

2,164

75,332

Creditors

Amounts falling due within one year

7

(6,218

)

(81,719

)

Net current liabilities

(4,054

)

(6,387

)

Total assets less current liabilities

(4,054

)

(5,249

)

Capital and reserves

Called up share capital

1

1

Retained earnings

(4,055

)

(5,250

)

(4,054

)

(5,249

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 July 2026 and were signed by:

D S Graydon - Director

1.	STATUTORY INFORMATION

Karens London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a basis other than going concern. This is because the company ceased trading on 30 June 2025 have formally resolved to wind up the operations.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property - 50% Straight line

Plant & machinery - 50% Straight line

Fixtures and fittings - 100% Straight line

Computer equipment - 50% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

fees

£

COST

At 1 April 2025

40,000

Disposals

(40,000

)

At 31 March 2026

-

AMORTISATION

At 1 April 2025

40,000

Eliminated on disposal

(40,000

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Leasehold

Fixtures

property

Plant and

and

Computer

improvement

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

10,010

7,994

4,962

7,742

30,708

Disposals

(10,010

)

(7,994

)

(4,962

)

(7,742

)

(30,708

)

At 31 March 2026

-

-

-

-

-

DEPRECIATION

At 1 April 2025

10,010

7,054

4,944

7,562

29,570

Charge for year

-

940

18

180

1,138

Eliminated on disposal

(10,010

)

(7,994

)

(4,962

)

(7,742

)

(30,708

)

At 31 March 2026

-

-

-

-

-

NET BOOK VALUE

At 31 March 2026

-

-

-

-

-

At 31 March 2025

-

940

18

180

1,138

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amount owed by related party

-

6,646

Corporation tax

2,164

-

Prepayments

-

38,720

2,164

45,366

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

-

53,877

Other creditors

-

1,739

Corporation tax

-

2,983

Social security and other tax

-

16,869

Pension Liability

-

189

Wages control account

-

4,323

Directors' current accounts

5,221

1,079

Accruals and deferred income

997

660

6,218

81,719